314± Acres West Line 1/2 BANKRUPTCY Potter County, TX

Brief Description

Potential Residential Development Site in Popular Bushland School District.

THIS PROPERTY IS BEING SOLD BY ORDER OF THE U.S. BANKRUPTCY COURT SOUTHERN DISTRICT OF TEXAS CASE NO. 15-20046-RLJ12 JERRY ARTHO/DBA ARTHO CATTLE

Auction Schedule

Live Off-Site Auction
Began: Friday, August 14, 2015 at 10:00 AM CDT

Location
Wyndham Garden Amarillo, 3100 I-40, Amarillo, TX 79102

Terms:

10% Down Day of Sale

10% Buyer’s Premium

45 Days to Close

In order for an entity or individual to become a Qualified Bidder on the date of the sale, such entity or person must obtain a bidder’s number by delivering a $10,000 check made payable to the Mullin, Hoard & Brown, LLP IOLTA Account. Check shall be refundable to the Qualified Bidder unless such entity or individual becomes a successful high bidder on a particular parcel and such amount becomes the Auction Bid Price on that parcel. In such event, a ten percent (10%) buyer’s premium shall be calculated on the Auction Bid Price, and added to the Auction Bid Price, and such sum shall become the Contract Purchase Price. The $10,000 paid by the winning Qualified Bidder to obtain the bidder’s number shall be credited against the amount of earnest money required to hold the sale.

Potential residential development site in popular Bushland School District. Potter County. Fences are new. Cattle trap and stock tanks. Nice pond for hunting. All water, solar, and 50% of the wind rights convey to buyer. Seller reserves 50% of the wind rights and reserves all oil, gas, and other mineral rights.

2 Ogallala Wells 314± ft deep 314± ft deep with Home/stock electric sub. 1.5 Horse Power. West Line 1/2: Consisting of 314± acres being the South half (S/2) of Block Z-3, Section 8, Potter County, Texas. Bushland, Texas, West 5 miles on the South service road of I-40. 1/2 mile South on West Line Road.